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During 2011, Madison Company applied overhead using a job-order costing system at a rate of $12 per direct labor hours. Estimated direct labor hours for the year were 150,000, and estimated overhead for the year was $1,800,000. Actual direct labor hours for 2011 were 140,000 and actual overhead was $1,670,000. What is the amount of under or over applied overhead for the year?
the bookkeeper of vitial inc has asked to assist him with preparation of financial information about the companys trade
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two years ago prior to a major capital-budgeting decision see case 4 robert burns the president of greetings inc. faced
kelm company purchased a new machine on october 1 2012 at a cost of 120000.the company estimated that the machine will
skoda company makes metal signs for business and residences. these signs are made of sheet metal which the owner paints
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describe three issuesproblems that a company could encounter when trying to determine the actual cost of a good or
Sam pays $10,000 for the business's goodwill and another $10,000 for the seller's covenant not to compete for the next five years. Compute Sam's amortization deduction for the year of purchase.
Assume that total sales for January are budgeted to be $50,000. What are the expected cash receipts for January from the current and past sales?
the atgar corporation records all purchases and the corresponding liabilities net of cash discounts. whenever it pays
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If you had been an accountant for this company, how would you have acted? Explain why.What might have been done to prevent the controversy?
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